Tax-wrapped investments to fall post-RDR

A poll of 161 advisers by consultancy Defaqto found the proportion of business focused on tax wrapped investments is likely to fall from 21% to 13% post-Retail Distribution Review (RDR). Retirement income is also expected to fall from 14% to 6%, though advisers expected to write more corporate business to cover the shortfall. Those polled expected employer pensions to rise from 6% to 16% of their income. Fraser Donaldson, Defaqto's insight analyst for funds said: "One of the key challenges facing advisers as they prepare for RDR implementation is deciding on the service proposition...